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Fly News Breaks for September 10, 2018
TREX
Sep 10, 2018 | 09:36 EDT
SunTrust analyst Keith Hughes raised his price target on Trex Company to $86, saying the company's FY19 earnings should be "good" and margins "easily attainable" given the expected productivity improvements and lower raw material costs. The analyst keeps his Hold rating however, noting that the valuation of Trex Company is double that of its peer group, while its 60% year-to-date gain is well above the declines of most names in the Building Products sector.
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